Arc Minerals Regulatory News (ARCM)

12 January 2021

Arc Minerals Ltd

('Arc' or 'Arc Minerals' or the 'Company')

Placing with UK Institution

Appointment of Joint Broker

Arc Minerals is pleased to announce that it has raised GBP 2 million before expenses with one institution, Hargreave Hale Ltd, through a placing of, and subscription for 57,142,857 ordinary shares ("Placing") of no par value of Arc Minerals ("Ordinary Shares") at 3.5 pence per share ("Placing Shares"). The placing was led by WH Ireland Limited ("WH Ireland") who have also been appointed as joint broker with immediate effect.

The Company will utilise the proceeds from the Placing to strengthen the Company's balance sheet ahead of an exciting year.

Application will be made for the Placing Shares to be admitted to trading on the AIM market of the London Stock Exchange ("Admission"). The Shares will rank pari passu in all respects with the existing Ordinary Shares. Admission is expected to occur on or around 18 January 2021.

Nick von Schirnding, Executive Chairman of Arc Minerals commented:

"I'm very pleased to welcome Hargreave Hale Ltd as our first major UK institutional investor to make an investment in Arc, who will have an interest in approximately 5.5% of the issued Ordinary Shares on Admission. I look forward to an exciting period ahead for Arc Minerals."

Total voting rights

Following the issue of the New Ordinary Shares, the total issued share capital of the Company consists of 1,037,771,364 Ordinary Shares of no par value with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 1,037,771,364 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

**ENDS**

Contacts

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014 ("MAR"). In addition, market soundings (as defined in MAR) were taken in respect of the Placing with the result that certain persons became aware of inside information (as defined in MAR), as permitted by MAR. This inside information is set out in this announcement. Therefore, those persons that received inside information in a market sounding are no longer in possession of such inside information relating to the Company and its securities. 

Notes to the Editors

Arc Minerals is an AIM listed exploration company focused on its exciting Zambian copper exploration projects.

Current holdings in Zambia include:

● A 66% equity interest in Zamsort Limited ("Zamsort"), a private company focused on a prospective copper licence in the Zambia Copperbelt.

● A 72.5% equity interest in Zaco Limited ("Zaco"), a private company focussed on a prospective copper and cobalt license adjacent to Zamsort.

For more information visit www.arcminerals.com

Forward-looking Statements

This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterised by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.